Under Armour now up nearly 15%


Citi's Kate McShane and Corinna Van der Ghinst see a lot to like about UA's (UA +14.1%) Q2 results, and note management's guidance hike was the third time it's done so this year, and revenue and earnings growth in the high 20% range, is well above the 22-23% long-term target.

Management also noted increased confidence for the rest of the year based on stronger execution and visibility in H1, with new team sponsorships, ongoing international growth (Brazil sales launched in Q2), the company's first women's brand holiday in Q3, and growth in the digital fitness platform.

A look at other athletic-apparel companies finds Nike (NKE +1.3%) and Lululemon (LULU +4.3%) both with their tails in the air.

Previously: Under Armour up 6% after big quarter

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Comments (1)
  • deercreekvols
    , contributor
    Comments (9593) | Send Message
     
    Next two quarters (fall/back to school and Holidays) should keep $UA rising...

     

    Long $UA and enjoying the ride
    24 Jul 2014, 03:14 PM Reply Like
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